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Frasers Commercial Trust
Azabu Aco Building, Tokyo Japan
Frasers Commercial Trust
Azabu Aco Building Print this page Print this page

Azabu Aco is located in the Minato-ku Ward, Tokyo, a commercial and residential district. Azabu Aco is situated approximately 250 metres north west of the Akabanebashi Station, on the Toei Subway Oedo Line. Azabu Aco is a three-storey building, comprising commercial office space, a basement level and two parking lots.

Azabu Aco Building, Tokyo

FCOT acquired a 100.0% indirect interest in Azabu Aco from Little Wing Y. K. and Air Wing Y. K. for JPY2.02 billion (S$26.5 million)[1] on 26 September 2007.

Azabu Aco is occupied by two tenants being The TUBU, Inc. and Elekta K.K. The TUBU, Inc. is a privately owned multimedia creation and editing company. It was established in 1992 with 105 full time employees. The TUBU, Inc. occupies level one, level three and the basement of the building and has made considerable investment in its specialised fitout which includes media editing suites.

Elekta K.K. is an international medical technology group which provides clinical solutions, information systems and services for cancer care and management of brain disorders. Elekta K.K. is listed on the Stockholm Stock Exchange (SSE: EKTAb).

[1] Based on an exchange rate of S$1.00 = JPY76.1198 being the rate at the time of acquisition.

Key Property Statistics
As at 30 September 2008
Address

Number 32-7, Higashi-Azabu 2 Chome, Minato-Ku, Tokyo

Tenure

Shoyu-ken[2]

Net Lettable Area (NLA)

15,944 sq ft (1,481 sqm)

Car Spaces

2

Date Completed

14 May 1992

Occupancy Rate

100.0%

PML

9%

WALE by income

1.1 years

[2] Ownership rights under Japanese law, similar to freehold.

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